Price fixing is
A) an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
B) the practice of charging a very low price for a product with the intent of driving competitors out of business.
C) the practice of charging different prices to different buyers for goods of like grade and quality.
D) a conspiracy among firms to set prices for a product.
E) a seller's requirement that the purchaser of one product also buy another product in the line.

Question

Quizplus · Accepted Answer

Price fixing is an illegal agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

Price Fixing Is